Naira Hits Two-Year High: Parallel Market Drops Below ₦1,350 Following New CBN BDC Directive
- BUSINESS
- February 11, 2026

The United Nations has raised alarm over a growing humanitarian crisis in Iran as millions of people have been forced to flee their homes due to the ongoing Middle East war. According to the UN refugee agency UNHCR, up to 3.2 million people have been internally displaced across Iran since the conflict intensified in late
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Nine senators in the National Assembly have defected from their former political parties to the African Democratic Congress (ADC), marking one of the largest political shifts in the current Senate. The lawmakers announced their defection during plenary at the Senate chamber on Wednesday. The development involves senators from the Peoples Democratic Party (PDP), Labour Party
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued permits to six petroleum depot owners and marketers to import Premium Motor Spirit (PMS), commonly known as petrol. The move is widely seen within the industry as part of efforts by the Federal Government to maintain stability and competition in the downstream petroleum sector.
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The national football team of the Democratic Republic of the Congo has excluded two players who were at the centre of a dispute with the Nigeria Football Federation from its squad for the upcoming play-off matches. The decision comes amid an ongoing eligibility controversy involving the players, who are believed to have previously been linked
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President Bola Tinubu on Thursday presided over a high-level security meeting with the nation’s service chiefs at the Presidential Villa in Abuja, in what marked the first such gathering since Tunji Disu assumed office as Inspector-General of Police. The meeting, which lasted nearly two hours, was held behind closed doors at the Presidential Villa. Security
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Nigeria may face a deeper electricity shortage in the coming weeks after gas suppliers halted fuel supply to several thermal power plants over an estimated ₦3.3 trillion debt owed by power generation companies. Industry operators warn that the development could trigger widespread blackouts across the country. The warning was issued by Dr Joy Ogaji, Chief
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